Jet2 plc (LON:JET2) Given Consensus Rating of “Moderate Buy” by Brokerages

Jet2 plc (LON:JET2) has earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 1,917.83.

Several research analysts recently weighed in on JET2 shares. JPMorgan Chase & Co. lowered shares of Jet2 to a “neutral” rating and reduced their price objective for the stock from GBX 1,850 to GBX 1,450 in a research note on Monday, December 1st. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,100 price target on shares of Jet2 in a research report on Thursday, November 20th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 2,150 price target on shares of Jet2 in a report on Monday, November 24th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 2,250 price objective on shares of Jet2 in a research report on Wednesday, November 12th. Finally, Panmure Gordon reiterated a “buy” rating and set a GBX 1,700 target price on shares of Jet2 in a report on Thursday, November 20th.

Jet2 Stock Up 0.3%

Shares of Jet2 stock opened at GBX 1,260 on Tuesday. The business has a fifty day simple moving average of GBX 1,351.20 and a 200 day simple moving average of GBX 1,427.20. The stock has a market cap of £2.37 billion, a PE ratio of 5.38, a price-to-earnings-growth ratio of 9.34 and a beta of 2.27. The company has a quick ratio of 1.49, a current ratio of 1.36 and a debt-to-equity ratio of 103.30. Jet2 has a 12 month low of GBX 1,088 and a 12 month high of GBX 1,963.

Jet2 (LON:JET2) last issued its earnings results on Wednesday, November 19th. The company reported GBX 300.40 earnings per share (EPS) for the quarter. Jet2 had a return on equity of 26.53% and a net margin of 6.38%. Research analysts predict that Jet2 will post 170.9134615 EPS for the current year.

About Jet2

Jet2 plc is a leading leisure travel group, specialising in friendly low fares from its award-winning airline, Jet2.com, and package holidays you can trust from the UK’s largest package holiday provider, Jet2holidays.
Jet2.com is the UK’s third largest airline, flying from 12 UK airports to over 70 destinations across Europe and beyond and Jet2holidays is the UK’s largest tour operator.